todays conference here, page-18

I don’t think it’s a big issue RhysT and @Gollada.
Elisha comes across to me as a bit nervous in that presentation (maybe her first?) but I actually loved the lack of ‘hubba hubba hubba’.

My take is she presented as genuinely passionate about the company and its’ future, and as far as talk of it being a difficult environment in which to attract funding, I’m sure she’s come across plenty of patronising fat cats who’ve said those exact words to her - some of them most likely angling to extract the best deal for themselves when push comes to shove, and it’s time to put money in.

None of them are bent on doing TMT any favours but that’s just business?
As our inaugural CFO how she navigates this financial minefield is crucially important.


Elisha’s joke ?
..“Not sure we’ve got a silver bullet for it (mine funding) but maybe there’s a vanadium bullet”

It came at the end of her comments that - on the funding strategy - not too much had changed beyond that .. “we’re just about at the end of this ITE process..”
Which she said - as you pointed out Troy - is a key deliverable required by commercial banks, sovereign funds NAIF EFA EKF and other lenders and strategic partners who want access to this independent reference point.
- I think that’s where the joke had its origins - a silver bullet is a swift and easy fix to any problem right?
… and yes, yes it’s a hard market out there but, as she said, the “ review will be a really big milestone that will allow the next level conversations.
We can all understand this is a difficult market in which to attract capital investment particularly the significant levels of capital investment required (to set up a mine)
.. I’m not sure that there’s a silver bullet for it…… But maybe there’s a vanadium bullet?”

I hope that review does give the vanadium bullet to all the funding naysayers !
(It’s the right time so it’s just if the independent assessment team agrees with TMT on project metrics?)

And I really liked her confirmation - before she spoke about the independent review now being close to completion - that the EPA process REALLY IS in final stages too!
She said it’s now undergoing a final assessment before it’s recommendation to the board

cheers